Top KingWin Ltd reported a net loss of $19.6 million for the six months ended June 30, 2026, driven primarily by a $19.6 million provision for doubtful accounts on prepayments to AI server suppliers who failed to deliver and demanded price increases exceeding five times the original contract value. The company divested its corporate consulting business effective June 18, 2026, classifying it as discontinued operations sold for $218,100. Continuing revenues rose 110% year-over-year to $5.9 million, supported by AI data collection devices and new robot sales in the U.S., while cash balances declined to $12.4 million from $13.1 million at year-end. The company operates in the artificial intelligence hardware sector, manufacturing and selling AI-related software, hardware, and robots.

Top KingWin Ltd closed the disposition of its wholly-owned indirect subsidiary, Sky KingWin (HK) Limited's subsidiary, Guangdong Tiancheng Jinhui Enterprise Development Group Co., Ltd. on June 18, 2026. The sale of the Target to Junze Management Co., Limited for a cash consideration of US$218,100. Top KingWin Ltd is a foreign private issuer that operates in the enterprise development group sector.|